Fidelity MSCI Materials Index ETF $FMAT Shares Newly Purchased by Mather Group LLC.

Mather Group LLC. bought a new stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 31,821 shares of the company’s stock, valued at approximately $1,774,000.

Several other large investors also recently made changes to their positions in FMAT. Cetera Investment Advisers raised its position in shares of Fidelity MSCI Materials Index ETF by 614.1% during the first quarter. Cetera Investment Advisers now owns 100,986 shares of the company’s stock worth $5,821,000 after purchasing an additional 86,844 shares during the period. Bank of New York Mellon Corp purchased a new position in Fidelity MSCI Materials Index ETF in the first quarter valued at approximately $2,866,000. Kovitz Investment Group Partners LLC lifted its stake in Fidelity MSCI Materials Index ETF by 83.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 96,473 shares of the company’s stock valued at $5,124,000 after purchasing an additional 43,872 shares during the last quarter. Lido Advisors LLC lifted its stake in Fidelity MSCI Materials Index ETF by 4.9% in the first quarter. Lido Advisors LLC now owns 654,663 shares of the company’s stock valued at $37,735,000 after purchasing an additional 30,472 shares during the last quarter. Finally, Independence Financial Advisors LLC grew its holdings in Fidelity MSCI Materials Index ETF by 9.3% during the third quarter. Independence Financial Advisors LLC now owns 223,656 shares of the company’s stock valued at $12,467,000 after purchasing an additional 19,025 shares during the period.

Fidelity MSCI Materials Index ETF Stock Performance

NYSEARCA FMAT traded up $0.35 on Friday, hitting $57.53. 110,137 shares of the stock traded hands, compared to its average volume of 57,739. The business’s fifty day moving average is $58.55 and its two-hundred day moving average is $58.81. Fidelity MSCI Materials Index ETF has a 12 month low of $48.76 and a 12 month high of $62.84. The firm has a market capitalization of $586.81 million, a price-to-earnings ratio of 23.26 and a beta of 0.97.

Fidelity MSCI Materials Index ETF Profile

The Fidelity MSCI Materials Index ETF (FMAT) is an exchange-traded fund that is based on the MSCI USA IMI Materials 25\u002F50 index, a market-cap-weighted index of stocks in the US basic materials sector across the entire market-cap spectrum. FMAT was launched on Oct 21, 2013 and is managed by Fidelity.